8/25/25, 8:06 PM FAC3701-25-S2: Assessment 1
95% ABOVE
ALL questions covered
book written on WhatsApp 0645167275
95% ABOVE
ALL questions covered
book written on WhatsApp 0645167275
https://mymodules.dtls.unisa.ac.za/mod/quiz/view.php?id=1088916 1/2
,8/25/25, 8:06 PM FAC3701-25-S2: Assessment 1
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,Assessment 1 https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=29
FAC3701-25-S2 Welcome Message Assessment 1
QUIZ
Not yet answered
Marked out of 5.00
Which of the following items an exempt
difference in terms of IAS 12, Income
taxes?
1. Depreciation on computer
equipment
2. Dividends received
3. Provisional tax payments
4. The portion of capital pro�ts on
the sale of assets that is taxable
5. Depreciation on construction
building
Clear my choice
1 of 22 2025/08/25, 19
,Assessment 1 https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=29
Not yet answered
Marked out of 5.00
Which one of the following statements
in terms of IAS 12, Income taxes?
1. Current pro�t (current loss) is the
pro�t or loss for a period before
deducting income tax expense
2. Current taxes are the taxes
provided in the statement of
�nancial position (SFP) for the
amount of income taxes payable
in future periods in respect of
taxable temporary differences
3. Taxable pro�t (tax loss) is the
pro�t or loss for a period upon
which income tax is payable to
the South African Revenue
Service (SARS). This �gure is
calculated by adjusting the pro�t
according to the rules and
regulations of International
Financial Reporting Standards
4. Temporary differences are
differences between the tax base
of an asset or a liability and the
carrying amount of the asset or
the liability in the statement of
�nancial position
5. Current tax is the aggregate
amount disclosed in the
statement of pro�t or loss and
other comprehensive income (P/
L) as income tax expense
(income). This includes both
current tax and foreign tax
Clear my choice
2 of 22 2025/08/25, 19
95% ABOVE
ALL questions covered
book written on WhatsApp 0645167275
95% ABOVE
ALL questions covered
book written on WhatsApp 0645167275
https://mymodules.dtls.unisa.ac.za/mod/quiz/view.php?id=1088916 1/2
,8/25/25, 8:06 PM FAC3701-25-S2: Assessment 1
https://mymodules.dtls.unisa.ac.za/mod/quiz/view.php?id=1088916 2/2
,Assessment 1 https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=29
FAC3701-25-S2 Welcome Message Assessment 1
QUIZ
Not yet answered
Marked out of 5.00
Which of the following items an exempt
difference in terms of IAS 12, Income
taxes?
1. Depreciation on computer
equipment
2. Dividends received
3. Provisional tax payments
4. The portion of capital pro�ts on
the sale of assets that is taxable
5. Depreciation on construction
building
Clear my choice
1 of 22 2025/08/25, 19
,Assessment 1 https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=29
Not yet answered
Marked out of 5.00
Which one of the following statements
in terms of IAS 12, Income taxes?
1. Current pro�t (current loss) is the
pro�t or loss for a period before
deducting income tax expense
2. Current taxes are the taxes
provided in the statement of
�nancial position (SFP) for the
amount of income taxes payable
in future periods in respect of
taxable temporary differences
3. Taxable pro�t (tax loss) is the
pro�t or loss for a period upon
which income tax is payable to
the South African Revenue
Service (SARS). This �gure is
calculated by adjusting the pro�t
according to the rules and
regulations of International
Financial Reporting Standards
4. Temporary differences are
differences between the tax base
of an asset or a liability and the
carrying amount of the asset or
the liability in the statement of
�nancial position
5. Current tax is the aggregate
amount disclosed in the
statement of pro�t or loss and
other comprehensive income (P/
L) as income tax expense
(income). This includes both
current tax and foreign tax
Clear my choice
2 of 22 2025/08/25, 19
